Meta Materials (NASDAQ:MMAT) announced on Wednesday that it has reached a new milestone through its collaboration with a new partner in Japan.
The company’s NANOWEB product line will be deployed for commercial use through a leading global manufacturer in Japan.
Meta Materials said the Company is ready for customer application development and volume scale-up agreements.
“Together, this collaboration will offer cutting-edge alternatives that surpass industry standards and set new benchmarks for the mass production of META’s NANOWEB, a transparent conductive metal mesh film.”
MMAT stock has risen nearly +5% in the past five trading days.
“This is a major milestone in our work to commercially deploy NANOWEB, and we’re proud to qualify a global contract mass manufacturer of choice.
We have been working closely since February of 2023 with the manufacturer, and we are extremely pleased with the results of our quality tests,” said George Palikaras, President and CEO of META.
“We’re excited to move forward, and we’re ready to develop customer-specific applications and enter into volume scale-up agreements.”
Meta Materials says the agreement has facilitated the scaling, mass production, and testing of NANOWEB designs in samples up to 600mm wide.
Other Recent MMAT Stock News
Meta Materials has provided a new update on its latest ‘naked shorting’ lawsuit.
The company announced in late June that it has retained the law firm of Christian Smith & Jewell, LLP to help investigate allegations of naked short selling of Meta Materials’ stock, MMAT.
“META has completed an initial trading analysis with ShareIntel Shareholder Services, LLC, as part of its continued commitment to protecting investors and maximizing shareholder value.
Through ShareIntel, META was able to obtain trading analytic metrics, and its analysis has seemingly identified trade imbalances in the trading of MMAT shares which are potentially material relative to META’s public float and average trading volume.
We have reviewed the preliminary report from ShareIntel, and as a result we have engaged the services of Christian Smith & Jewell.
In the best interest of our shareholders, we believe Wes Christian and his team will offer us the most effective solution in addressing potential instances of illegal trading, particularly by naked short sellers, either in our shares or those falsely represented as ours,” said Jack Harding Chairman of Meta Materials Inc.
Christian, Smith & Jewell has a proven track record of representing publicly traded companies facing challenges related to illegal naked short selling, counterfeit shares, and other fraudulent activities.
The firm successfully represented Overstock.com and Taser International in lawsuits against prominent Wall Street institutions, including Goldman Sachs, Merrill Lynch, and Bank of America, resulting in settlements.”
Also Read: Wes Christian Says ‘Naked Shorting’ is a Big Worldwide Problem
Market News Published Daily 📰
Join the newsletter ⬅️ to receive daily stock market news, business news and updates straight to your inbox; more than 10,000 readers have joined!
THANK YOU to all of our blog sponsors, this year we’ve been able to increase our email sends and signup slots as well as introduce push notifications.
Franknez.com is the media site that keeps retail investors informed.
You can also follow Frank Nez on Twitter, Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.
Become a Sponsor for only $1/mo.
- Gain access to EXCLUSIVE FrankNez articles you won’t find here.
- Become part of a private and safe Discord community, just for retail investors.
- Get drawn at the end of the year for holiday giveaways.
Recommended For You ✨
About The Author
Leave your thoughts below.